The European Central Bank has promised to react to any upset in the financial markets caused by the war on Iraq, which has now begun. A spokesman for the bank said this morning: "We will, as always, observe the development of the financial markets. "And we stand ready to react in case of any disturbance." After the attacks of Sept 11, the European Central Bank raised liquidity by injecting money into the markets to avoid financial global upsets. ////www.fxcentre.com